Fisher Friday Flyer – June 17, 2016
What is Family? When I think about family I think about my kids, mom, sister, step dad, wife, grandparents and cousins. But, is that the only family? What about groups of people that would do anything for you or you would do anything for them? 7 years ago when I first attended the John Fisher Breakfast Club I felt like I was invited into a family and over those 7 years I have watched amazing things happen. My business grew, my knowledge and my sphere of influence expanded, I had another family. Last year when John passed away, the community rose up and supported his family, the Breakfast Club family. They came together this winter and raised $35k for John’s Legacy fund. We talk about John at every Breakfast he will live on in our memories and we will continue to follow his example of how to do business and family the right way.
FOR YOUR READING PLEASURE
Short Term Rentals in Denver Law goes in to effect. Denver City Council passed a bill that only allows permanent resident houses to allow short term rentals like Air B&B and VRBO. The law says you must register, pay a fee and pay taxes to the city. What this means for investors like us? We aren’t allowed to rent our investment properties out on a short term basis. Read the article for the details.
MORTGAGE RATE UPDATE
The latest Mortgage Rates: 30 Year fixed at 3.37% and 5/1 ARMS at 2.66%. Expect investor (non-owner occ) rates to run about ½ point higher on non-owner occ loans. (These are AOL/Zillow.com reported average rates as of Thursday)
REAL ESTATE WEATHER REPORT
New listings are down and solds are up! Aww that’s better (maybe not). Well, after our two week lull things are back to crazy. Lots of multiple offers. Remember approximately 20% of these deals are falling through to keep your offer in as a backup. Follow up with the listing agent 7 days after the property went under-contract.
New Listing – 1513 (1712 Last week)
Under Contract – 1782 (1683 last week)
Sold – 1319 (1235 last week)
Earn a Referral Fee!!!
Our Invest Success Mentorship Program is ongoing and we are signing up more students. We will pay a $500 referral fee to anyone who introduces a new student to our program. Tell your friends. We offer LOCAL webinars, house tours, and small, personalized classes as well as hands-on on-site experience. You will learn where and how to look for deals! Oh, and our flagship program requires you to REHAB A HOUSE! You’ll have our ear for a year! Amp up your business with custom systems and procedures. Go to our website for more information. Better yet, call us. Nothing ventured, nothing gained!
Call us with tips, rumors, conjectures, deals, and cold cases (we’re thirsty!). If you’re not on our list and want to be, LET US KNOW. Write, Text, Tweet, Facebook (the verb), E-mail, drop by. Next Breakfast Club is July 9, 2016 at Poppies. We start at 7:00am. Bring a friend or family member!
INVENTORY: Inventory flows: CHECK ‘EM OUT!!! More coming soon!!! NOTE: if you don’t reach us with a phone call (303 338-8000), text us at 720-345-8361.
15423 East 13th Avenue, #305, Aurora, CO 80011 2 beds, 1 bath condo. Buy for only $87.5K!
6006 Pierce Street, Arvada, CO 80003 2 beds, 1 bath. Yours for $255K!
1762 Akron Street, Aurora, CO 80010 5 beds, 3 baths. 2 car detached garage! Buy for $255K!
4707 South Helena Way, Aurora, CO 80015 3 beds, 3 baths. 2 car attached garage! Buy for $415K!
5270 West Brown Place, Denver, CO 80227 3 beds, 3 baths. 2 car attached garage. Buy for $335K!
915 West Colorado Avenue, Colorado Springs, CO 80905 2 beds, 1 bath. Yours for $195K!
560 South Navajo Street, Denver, CO 80223 2 beds, 1 bath. Buy for $365K!
2874 South Bannock Street, Englewood, CO 80110 2 beds, 1 bath. Yours for only $220K!
20412 County Road 76, Eaton, CO 80615 2 beds, 1 bath. Huge Lot! Buy for $245K!
5318 Lowell Blvd., Denver, CO 80221 3 beds, 1 bath. Big lot in popular area! Yours for $290K! 2edsemand Berkeley Area
3147 West Walsh Place, Denver, CO 80219 2 beds, 1 bath. Yours for $195K!2edsemand Berkeley Area
1217 South Pennsylvania Street, Denver, CO 80210 3 beds, 2 baths. Buy for only 2edsemand Berkeley Area $335K!
2520 South Holly Street, Denver, CO 80222 4 beds, 3 baths. 2-car garage. Buy for 2edsemand Berkeley Area $440K!
9981 Bluegrass Street, Firestone, CO 80504 3 beds, 2 baths. 3 car attached garage. Buy for 2edsemand Berkeley Area $375K!
Until next time,
QUOTE OF THE WEEK: “Owning a home is a keystone of wealth…both financial affluence and emotional security” Suze Orman
“And owning more than 1 home makes you rich slowly” Tim Emery